Tridge summary
According to the USDA, corn export inspections are slightly ahead of the pace needed to meet projections for the current marketing year, which began in September. Wheat, corn, soybean, and sorghum inspections are all showing varying levels of increase or decrease compared to the previous year, with main destinations including Japan, Mexico, China, and Djibouti. The next set of supply and demand estimates from the USDA will be released on January 12th, 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The USDA says that as of the week ending December 7th, corn export inspections are running just ahead of the pace needed to meet projections for the current marketing year. The 2023/24 marketing year kicked off June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out January 12th, 2024.Wheat came out at 281,697 tons, up 93,742 from the week ending October 30th and 62,339 from the week ending December 8th, 2022. The main destinations were Japan and Mexico. Just over the halfway point for the 2023/24 marketing year, wheat inspections are 8,605,992 tons, compared to 11,136,492 in 2022/23.Corn was reported at 711,733 tons, 464,719 less than the previous week, but 194,316 more than a year ago. The primary destinations were Mexico and China. Early in the second quarter of the marketing year, corn inspections are 9,179,830 tons, compared to 7,168,150 last year.Soybeans were pegged at 984,410 tons, down 188,847 from ...
Source: Brownfield Ag
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